Joshua invested $99,000 in an account paying an interest rate of 4 frac{1}{2}4 2 1 % compounded continuously. Melanie invested $99,000 in an account paying an interest rate of 4 frac{5}{8}4 8 5 % compounded quarterly. After 16 years, how much more money would Melanie have in her account than Joshua, to the nearest dollar?

Mathematics, 12.02.2021 14:00, asanjog2755

Joshua invested $99,000 in an account paying an interest rate of 4\tfrac{1}{2}4 2 1 % compounded continuously. Melanie invested $99,000 in an account paying an interest rate of 4\tfrac{5}{8}4 8 5 % compounded quarterly. After 16 years, how much more money would Melanie have in her account than Joshua, to the nearest dollar?

Answers: 2

Show answers

Other questions on the subject: Mathematics

Mathematics, 21.06.2019 21:00, Abdullah1860

George is putting trim around his rectangular deck, including the gate. he will need 44 feet of trim to do the entire deck. if the deck is 13 feet long, how wide is the deck?

Answers: 2

continue

Mathematics, 21.06.2019 22:30, monkemily1

There are 93 calories in a small candy bar how many calories are ther in a half dozen small candy bars?

Answers: 2

continue

Mathematics, 22.06.2019 01:30, datzmypupppup

Need asap i will give brainliest and 98 points classify each pair of numbered angles corresponding, alternate interior, alternate exterior or none o these

Answers: 2

continue

Mathematics, 22.06.2019 01:30, michaela134

Aresearch study is done to find the average age of all u. s. factory workers. the researchers asked every factory worker in ohio what their birth year is. this research is an example of a census survey convenience sample simple random sample

Answers: 3

continue

Do you know the correct answer?

Joshua invested $99,000 in an account paying an interest rate of 4\tfrac{1}{2}4 2 1 % compounded c...